October 2020

Transitioning From LIBOR In North America: The End of the LIBOR Era Is Not SOFR Away

Posted: October 23, 2020

What is LIBOR?

The era of the London Interbank Offered Rate ("LIBOR"), the world's most referenced benchmark for short-term interest rates, is scheduled to end by 2022.

PayPal Launching New Service Enabling Cryptocurrency Payments

Posted: October 23, 2020

On October 21, 2020, PayPal Holdings, Inc. (“PayPal”) announced the launch of a new service enabling its customers to buy, hold and sell cryptocurrency directly within their PayPal account. This service will first be available to PayPal accountholders in the U.S. in the coming weeks, with plans to expand the service to select international markets in 2021.